What is the outlook for the UK economy and UK interest rates? In his May press conference, governor of the Bank of England Mark Carney gave us only vague guidance. An array of factors are clouding the bank’s crystal ball and making it very hard to judge the future path of the economy.
Falling bond yields have been a rock-solid feature of US and UK markets for decades. But that might be about to change.
Europe is about two years behind the US recovery - however, investors haven’t taken heed of all they learned about the US over that period.